Ceres Power (LON:CWR) Shares Down 10.5% – Time to Sell?

Ceres Power Holdings plc (LON:CWR)’s stock price fell 10.5% during mid-day trading on Thursday. The company traded as low as GBX 388.60 and last traded at GBX 388.60. Approximately 134,396,906 shares changed hands during trading, an increase of 1,303% from the average session volume of 9,576,856 shares. The stock had previously closed at GBX 434.20.

Wall Street Analyst Weigh In

Several analysts recently commented on CWR shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 920 price target on shares of Ceres Power in a research report on Wednesday, June 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price objective on shares of Ceres Power in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ceres Power presently has an average rating of “Buy” and an average target price of GBX 935.

Ceres Power Stock Up 7.5%

The stock has a market capitalization of £893.37 million, a price-to-earnings ratio of -17.04 and a beta of 3.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 10.54 and a quick ratio of 12.18. The business has a fifty day moving average of GBX 399.90 and a 200 day moving average of GBX 475.86.

Ceres Power (LON:CWR) last released its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (8.58) earnings per share (EPS) for the quarter. Ceres Power had a negative net margin of 130.56% and a negative return on equity of 29.93%. As a group, equities analysts predict that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current year.

About Ceres Power

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.